Bubbles, Crises, and Heterogeneous Beliefs
NBER Working Paper No. 18905
---- Acknowledgements -----
This chapter is prepared for Handbook for Systemic Risk edited by Jean-Pierre Fouque and Joe Langsam. I thank Hersh Shefrin for helpful editorial suggestions. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.